BAR vs. XBTY

Last updated Jun 4, 2026

BAR (GraniteShares Gold Trust) and XBTY (GraniteShares YieldBOOST Bitcoin ETF) are both exchange-traded funds - BAR is a Gold fund tracking the LBMA Gold Price PM ($/ozt), while XBTY is a Derivative Income fund actively managed by GraniteShares. BAR is passively managed, while XBTY is actively managed. Over the past year, BAR returned 32.26% vs -36.52% for XBTY. At a 0.16 correlation, their price movements are largely independent. BAR charges 0.17%/yr vs 0.99%/yr for XBTY.

Performance

BAR vs. XBTY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares Gold Trust (BAR) and GraniteShares YieldBOOST Bitcoin ETF (XBTY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BAR achieves a 2.94% return, which is significantly higher than XBTY's -19.49% return.

BAR

• 1D: -1.02%
• 1M: -1.62%
• YTD: 2.94%
• 6M: 5.50%
• 1Y: 32.26%
• 3Y*: 31.38%
• 5Y*: 18.41%
• 10Y*: —

XBTY

• 1D: -0.41%
• 1M: -8.39%
• YTD: -19.49%
• 6M: -20.52%
• 1Y: -36.52%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BAR vs. XBTY - Yearly Performance Comparison

	2026 (YTD)	2025
BAR GraniteShares Gold Trust	2.94%	32.57%
XBTY GraniteShares YieldBOOST Bitcoin ETF	-19.49%	-21.15%

Correlation

The correlation between BAR and XBTY is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.16
Correlation (All Time) Calculated using the full available price history since May 14, 2025	0.16

Return for Risk

BAR vs. XBTY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BAR

BAR Risk / Return Rank: 32
BAR Sharpe Ratio Rank: 33
BAR Sortino Ratio Rank: 30
BAR Omega Ratio Rank: 36
BAR Calmar Ratio Rank: 34
BAR Martin Ratio Rank: 29

XBTY

XBTY Risk / Return Rank: 1
XBTY Sharpe Ratio Rank: 0
XBTY Sortino Ratio Rank: 1
XBTY Omega Ratio Rank: 1
XBTY Calmar Ratio Rank: 2
XBTY Martin Ratio Rank: 3

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BAR vs. XBTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares Gold Trust (BAR) and GraniteShares YieldBOOST Bitcoin ETF (XBTY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	BAR	XBTY	Difference
Sharpe ratio: Return per unit of total volatility	1.23	-1.29	+2.52
Sortino ratio: Return per unit of downside risk	1.62	-1.87	+3.49
Omega ratio: Gain probability vs. loss probability	1.25	0.78	+0.47
Calmar ratio: Return relative to maximum drawdown	1.69	-0.81	+2.50
Martin ratio: Return relative to average drawdown	4.19	-1.24	+5.43
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BAR vs. XBTY - Sharpe Ratio Comparison

The current BAR Sharpe Ratio is 1.23, which is higher than the XBTY Sharpe Ratio of -1.29. The chart below compares the historical Sharpe Ratios of BAR and XBTY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BAR	XBTY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.23	-1.29	+2.52
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.03	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.90	-1.26	+2.16

Drawdowns

BAR vs. XBTY - Drawdown Comparison

The maximum BAR drawdown since its inception was -21.53%, smaller than the maximum XBTY drawdown of -45.46%. Use the drawdown chart below to compare losses from any high point for BAR and XBTY.

Drawdown Indicators

	BAR	XBTY	Difference
Max Drawdown Largest peak-to-trough decline	-21.53%	-45.46%	+23.93%
Max Drawdown (1Y) Largest decline over 1 year	-19.19%	-45.46%	+26.27%
Max Drawdown (3Y) Largest decline over 3 years	-19.19%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-20.91%	—	—
Current Drawdown Current decline from peak	-17.72%	-45.46%	+27.74%
Average Drawdown Average peak-to-trough decline	-6.45%	-23.04%	+16.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.72%	29.49%	-21.77%

Volatility

BAR vs. XBTY - Volatility Comparison

GraniteShares Gold Trust (BAR) and GraniteShares YieldBOOST Bitcoin ETF (XBTY) have volatilities of 5.46% and 5.46%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BAR	XBTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.46%	5.46%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	23.03%	17.11%	+5.92%
Volatility (1Y) Calculated over the trailing 1-year period	26.43%	28.34%	-1.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.90%	27.95%	-10.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.38%	27.95%	-11.57%

BAR vs. XBTY - Expense Ratio Comparison

BAR has a 0.17% expense ratio, which is lower than XBTY's 0.99% expense ratio.

Dividends

BAR vs. XBTY - Dividend Comparison

BAR has not paid dividends to shareholders, while XBTY's dividend yield for the trailing twelve months is around 240.87%.

Position	TTM	2025
BAR GraniteShares Gold Trust	0.00%	0.00%
XBTY GraniteShares YieldBOOST Bitcoin ETF	240.87%	102.53%

Frequently Asked Questions

Can I hold both BAR and XBTY in my portfolio?

BAR and XBTY have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BAR or XBTY?

XBTY has higher volatility (5.46%) compared to BAR (5.46%). In terms of maximum drawdown, BAR dropped -21.53% vs XBTY's -45.46%.

Which ETF is better, BAR or XBTY?

On 1-year performance, BAR leads with 32.26% vs -36.52% for XBTY. On fees, BAR is cheaper at 0.17% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BAR or XBTY?

Over the 1-year period, BAR has performed better with a 32.26% return vs -36.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BAR or XBTY?

BAR is cheaper with a 0.17% expense ratio, compared with 0.99% for XBTY.

Which ETF pays a higher dividend yield, BAR or XBTY?

XBTY has the higher dividend yield at 240.87%, compared with 0.00% for BAR.

What is the main difference between BAR and XBTY?

BAR is categorized as Gold, while XBTY is Derivative Income. Their fees differ too: 0.17% for BAR and 0.99% for XBTY.

Which has better risk-adjusted returns?

BAR currently has the higher Sharpe Ratio (1.23 vs -1.29), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.